Executive Interview:
Greg Rogerson, Principal
J.G. Petrucci Co.
Greg Rogerson is a principal of J.G. Petrucci Co., Inc. (?JGPCO?).? An attorney, Greg oversees the negotiation of all contracts, leases and municipal approvals for each JGPCO project.? As such, he effectively directs and manages all legal and financial transactions pertaining to acquisitions, leasing and commercial development, including complex zoning and land use approvals.? Greg has also developed great insight into the unique issues involved in the re-development of brownfield sites in both New Jersey and Pennsylvania, which has become an important area of focus for the company.? In all, Greg has overseen the acquisition and disposition of more than $350 million worth of real estate transactions.?
?Mr. Rogerson received his law degree from Temple University School of Law and his Bachelor of Arts in History from the University of Delaware, where he was a three-year letterman in football. He is a member of the New Jersey Bar and resides in Bucks County, PA with his wife and three (3) children.? In his spare time Greg enjoys golf and coaching his children?s sports teams.
*?
Q: How did you get your start in the real estate business?
Jim Petrucci hired me right out of law school. My legal background helped a lot in the complex world of real estate development.
Q: What is your favorite part of your job? What do you find most challenging?
My favorite part is the redevelopment of obsolete brownfield sites and turning them into productive commercial projects that provide jobs and a stable rateable for the community. The most challenging aspect of this industry is the entitlement process in high barrier to entry markets.
Q: How have economic conditions affected J.G. Petrucci?s strategies? Have you widened or narrowed your focus due to present conditions??
We are more conservative with use of debt. We remain opportunistic, but underwrite each project more conservatively.
Q: J.G. Petrucci has experience with a variety of property and development types. Since the recession began, has any particular market or property type surprised you with its performance (for better or worse)?
The multi-family developments have performed extremely well because the market has neglected new residential rental products for the better part of the last 30 years. Suburban office is very weak. I believe this is a function of the changing nature of the work place for corporations.
Q: Tell us about your work with brownfield sites. What challenges and opportunities do you see with such projects? How has your background in law helped with your work on such projects?
Every project we work on has a brownfield component. Environmental conditions create imperfection in pricing, creating potential for value if you are able to mitigate the conditions efficiently. Brownfields are a highly regulated aspect of the business and my legal background helps navigate through the many layers of legal requirements.
?Q: How about green technology and the LEED certification process? What challenges and opportunities come with sustainability-focused projects?
Green technology is here to stay. We incorporate more and more eco-friendly elements to our projects every time we have the opportunity. The challenge of LEED certification is incorporating these important concepts but maintaining a project budget. Many projects are expensive and have to be incorporated carefully over time.
Q: Your clientele includes both private companies and government entities. Are there unique challenges when working with members of the public sector?
The majority of our clientele is on the private side, however, when we do work with public entities we find them to be very inefficient.
Q: In what ways do you imagine the industry will be different 10 years from now?
Offices will continue to contract as technology improves and there will be more need for urban development near public infrastructure.
Q: If you didn?t work in the Mid-Atlantic market, what region would you be interested in exploring?
Possibly Chicago and the Midwest region of the United States.
*
About J.G. Petrucci Company:
?J.G. Petrucci Company, Inc. (JGPCO) has been developing and building first class commercial and industrial real estate since 1987. We are a full-service design/build specialist, owner and developer of industrial, office, healthcare, retail and multi-family properties. JGPCO?s?core markets are Central New Jersey and Eastern Pennsylvania.??
Source: http://llenrock.com/blog/executive-interview-greg-rogerson-j-g-petrucci-co/
uconn ncaa march madness mario williams vcu unlv sam young ncaa bracket
No comments:
Post a Comment